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SigmaRoc acquires Lithuanian dolomite producer Dolomitas
We advised SigmaRoc PLC, a London-listed European lime and minerals group, on its acquisition of 100% of the shares in AB Dolomitas for EUR 110 million on a debt-free and cash-free basis, plus a further EUR 8 million for certain non-core assets. The consideration comprises EUR 90 million in cash and EUR 20 million in […]
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YIT Lietuva sells Sky Office business centre
We advised YIT Lietuva on the sale of Sky Office, a business centre in Vilnius. The building was acquired by the investment and asset management group Evernord, which established its 10th fund, Evernord Real Estate Fund VII. YIT Lietuva became a strategic partner of the fund and is investing alongside Evernord investors. Sky Office is […]
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Significant transaction in the Lithuanian food industry: Biovela Group seeks to acquire a controlling stake in Idavang
We advised Biovela Group, the largest meat processing group in the Baltic states, on its planned acquisition of a controlling stake in UAB Idavang. Idavang is the largest pig farming company in the Baltic region and has been operating in Lithuania since 1999. The company manages 12 farms and produces around 480,000 pigs annually. In […]
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YIT Lietuva and EfTEN Capital agree on the development of the Piliamiestis quarter in Kaunas
We advised YIT Lietuva on its transaction with EfTEN Special Opportunities Fund, managed by EfTEN Capital, regarding the fund’s investment into a new phase of the residential project Piliamiestis in Kaunas. YIT Lietuva will act as the project developer and general contractor, while EfTEN Capital will provide financing and contribute to the project’s implementation. EfTEN […]
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Inter IKEA Group acquire forest holding companies in Lithuania and Latvia
Sorainen advised IKEA Forestry Investment AB, an Inter IKEA Group company, on the acquisition of forest holding companies in Lithuania and Latvia. Our involvement Sorainen acted as the local legal advisor throughout the transaction. Our team Sorainen key team consisted of partners Jānis Līkops, Kęstutis Adamonis and Monika Mališauskaitė-Vaupšienė, as well as senior associates Rūta […]